The situation is getting worse. Just a few days ago, Coinbase was listed on the S&P 500, the flagship index of the U.S. stock market, and crypto assets were seen as having made a full-scale entry into the mainstream.
Bad news is piling up. On the 13th of last month, Coinbase's stock price soared 23.97% to $256.90 on the news that it would be included in the S&P 500 index.
At the time, experts agreed that this marked the cryptocurrency industry's entry into the mainstream US industry.
However, on the 15th (local time), Coinbase fell 7.20% to $244.44 on the New York market.
This comes after news that hackers had stolen customer data and were demanding $20 million. The hackers said they would not release the customer information unless the $20 million was paid.
Coinbase said in a blog post that no passwords or personal cryptocurrency wallet codes were compromised and that the data breach did not affect any of its users' wallets.
Coinbase revealed that less than 1% of its customers were affected. Notably, instead of paying the hackers $20 million, Coinbase offered a $20 million bounty for their arrest.
The company added that it plans to compensate customers affected by the incident. Not only this, Coinbase is also facing an investigation by the SEC. Coinbase has no verified users.
Coinbase reported to the SEC that it had over 100 million users, but the SEC is investigating the company, alleging that the company inflated its user numbers.
The investigation began during the Biden administration, which was hostile to the cryptocurrency industry.
The move continues even under the industry-friendly Trump administration. Coinbase's Chief Legal Officer Paul Grewal said, "The number of verified users includes people who only entered their email address or phone number.
"Therefore, the actual number of users may be exaggerated."
2025/05/16 10:39 KST
Copyright(C) BlockchainToday wowkorea.jp 118